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Wednesday 8th July 2015

Oceanic Estates has leased two warehouses totalling 55,995 sq ft at Fareham Business Park in Gosport in the Solent corridor.

North Sails, the global sail making business, has signed a 10 year lease at a rent of £5.50 per sq ft on the two buildings.

David McGougan, director at JLL in Southampton, said: “The Fareham Business and Trade Park development is quickly becoming a key business hub for the area and it is a vote of confidence in the region that it is attracting major companies such as North Sails.

“It is also excellent news that as a result of the decision by North Sails to move to Fareham Business Park, jobs will be retained in the Hampshire area instead of moving overseas. One of the alternatives for North Sails was to relocate to Spain to it is safe to say the completion of this letting is good news not just for the region but for the UK as a whole.”

JLL and CBRE advised Oceanic Estates. The last remaining unit is under offer.

Source: CoStar 

For more information on Fareham Business Park and Fareham Trade Park see http://www.farehambusinesspark.co.uk/